Ramirez Asset Management Inc. Purchases 71,045 Shares of Kodiak Gas Services, Inc. $KGS

Ramirez Asset Management Inc. raised its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 446.1% during the third quarter, Holdings Channel.com reports. The fund owned 86,970 shares of the company’s stock after purchasing an additional 71,045 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Kodiak Gas Services were worth $3,215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KGS. Allworth Financial LP grew its stake in shares of Kodiak Gas Services by 1,850.0% in the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after purchasing an additional 703 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after purchasing an additional 1,156 shares during the period. PNC Financial Services Group Inc. raised its position in Kodiak Gas Services by 80.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after purchasing an additional 646 shares during the last quarter. Jones Financial Companies Lllp raised its position in Kodiak Gas Services by 652.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock valued at $60,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Amplify Investments LLC lifted its holdings in Kodiak Gas Services by 35.7% in the 3rd quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after buying an additional 700 shares during the period. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Price Performance

KGS opened at $55.33 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12. The business has a fifty day moving average of $44.61 and a 200 day moving average of $38.46. The stock has a market cap of $4.75 billion, a P/E ratio of 63.60 and a beta of 1.11. Kodiak Gas Services, Inc. has a 52-week low of $29.25 and a 52-week high of $58.50.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The company had revenue of $332.87 million during the quarter, compared to analysts’ expectations of $330.95 million. During the same quarter in the prior year, the business posted $0.21 earnings per share. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.5%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 225.29%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Citigroup upped their price objective on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Zacks Research cut Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, William Blair began coverage on shares of Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and an average price target of $51.25.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.